Brookfield Asset Management (NYSE:BAM) Lowered to "Sell" Rating by StockNews.com

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Monday.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company cut their price target on shares of Brookfield Asset Management from $54.00 to $50.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. CIBC increased their price target on Brookfield Asset Management from $63.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Scotiabank reduced their price objective on Brookfield Asset Management from $62.50 to $58.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. UBS Group assumed coverage on Brookfield Asset Management in a report on Monday, December 16th. They set a "buy" rating on the stock. Finally, BMO Capital Markets boosted their target price on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $57.75.

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Brookfield Asset Management Price Performance

NYSE:BAM traded up $1.27 on Monday, reaching $47.35. The stock had a trading volume of 1,751,265 shares, compared to its average volume of 1,446,255. The firm's fifty day moving average is $51.89 and its two-hundred day moving average is $53.58. The company has a market cap of $77.52 billion, a price-to-earnings ratio of 35.87, a P/E/G ratio of 1.92 and a beta of 1.63. Brookfield Asset Management has a 12-month low of $37.29 and a 12-month high of $62.61.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. As a group, research analysts forecast that Brookfield Asset Management will post 1.7 earnings per share for the current fiscal year.

Institutional Trading of Brookfield Asset Management

Several institutional investors and hedge funds have recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new stake in shares of Brookfield Asset Management during the 1st quarter valued at about $26,000. Truvestments Capital LLC lifted its holdings in shares of Brookfield Asset Management by 487.2% in the 4th quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock worth $27,000 after purchasing an additional 419 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in Brookfield Asset Management during the 4th quarter valued at approximately $32,000. Versant Capital Management Inc grew its stake in Brookfield Asset Management by 1,606.3% during the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after buying an additional 771 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Brookfield Asset Management by 61.0% in the fourth quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock valued at $47,000 after buying an additional 325 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company's stock.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.